Wipro ADR dramatically 48% down … trading banned. Wipro today said the date for issuing bonus or stock dividend to holders of its American Depository Receipts is yet to be finalised, amid the ADRs witnessing steep fluctuations in pre-market trading on the New York Stock Exchange. ADRs are instruments denominated in …

RBI Keeps Repo Rate Unchanged At 6-Year Low Of 6.25%. The Reserve Bank of India. The Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25% on the basis of an assessment of the current and evolving macroeconomic situation at …

RCom and Jio will continue to be different entities. Anil Ambani, the chairman of Reliance Communications on Saturday said the relation between Ambani brother is cordial and all speculations to the contrary are unnecessary. According to the Ambani, “My relationship with my brother (Reliance Industries Ltd chairman Mukesh Ambani) is cordial, meaningful and …

Indian Railways to introduce “book now, pay later” option. IRCTC Indian Railways will soon roll out the ‘book now, pay later’ service for any express train, said an official of Indian Railway Catering and Tourism Corporation. Sandip Dutta, the IRCTC spokesperson while speaking to a leading news agency, said that …

North Korea v USA. North Korea claims it is “on the brink of war” with the US. Live North Korea v USA. North Korea claims it is “on the brink of war” with the US after Kim Jong-un’s regime carried out its third missile test in three weeks. Here are …